Tourmaline Oil Corp Given Average Rating of “Buy” by Brokerages (TSE:TOU)
Tourmaline Oil Corp (TSE:TOU) has been given a consensus rating of “Buy” by the ten brokerages that are covering the stock, StockRatingsNetwork reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$64.78.
Tourmaline Oil Corp (TSE:TOU) opened at 54.54 on Wednesday. Tourmaline Oil Corp has a 1-year low of $38.46 and a 1-year high of $59.25. The stock’s 50-day moving average is $52.57 and its 200-day moving average is $53.50. The company has a market cap of $10.986 billion and a price-to-earnings ratio of 47.89.
Tourmaline Oil Corp (TSE:TOU) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.16. Analysts expect that Tourmaline Oil Corp will post $1.71 EPS for the current fiscal year.
TOU has been the subject of a number of recent research reports. Analysts at Raymond James cut their price target on shares of Tourmaline Oil Corp from C$65.00 to C$62.50 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities cut their price target on shares of Tourmaline Oil Corp from C$70.00 to C$67.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Tourmaline Oil Corp from C$65.00 to C$68.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.
Tourmaline Oil Corp. (TSE:TOU) is an intermediate crude oil and natural gas exploration and production company focused on exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin (WCSB).
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